Emirates Development Bank to support vital companies
DUBAI - The state-run Emirates Development Bank plans to allocate 30 billion dirhams ($8.17 billion) in the coming years to support companies in sectors considered as priority for the economy, the United Arab Emirates' prime minister said on Monday.
"The target is to fund 13,500 new companies," Sheikh Mohammed Bin Rashid Al-Maktoum said on Twitter.
“Our national economy is fine .. and is progressing well .. We have assets in the state banks exceeding 3000 billion dirhams to push our economy to new horizons ..,” he said.
“We welcome everyone to make their dream in the United Arab Emirates .. We welcome their future with us in the future country,” Sheikh Mohammed added.